$JCT This move today has gone absolutely wild—up more than 60% intraday and straight to the top of the rankings 🎢
Looking at the 4-hour chart, after a wick down to 0.0025 at the bottom, it made a V-shaped reversal and is now consolidating around 0.0047. The data is pretty interesting if you look closely: the whales’ long/short ratio is nearing 2, while retail traders are frantically trying to short the top, but the price just refuses to fall.
The most painful part is that the funding rate is still positive (0.0076%). The longs are still paying funding like crazy. This is clearly the market maker trying to trigger a short squeeze—they won’t stop until the shorts are blown out. But chasing longs at this level is definitely asking to be exit liquidity.
$JCT #JCT
Looking at the 4-hour chart, after a wick down to 0.0025 at the bottom, it made a V-shaped reversal and is now consolidating around 0.0047. The data is pretty interesting if you look closely: the whales’ long/short ratio is nearing 2, while retail traders are frantically trying to short the top, but the price just refuses to fall.
The most painful part is that the funding rate is still positive (0.0076%). The longs are still paying funding like crazy. This is clearly the market maker trying to trigger a short squeeze—they won’t stop until the shorts are blown out. But chasing longs at this level is definitely asking to be exit liquidity.
$JCT #JCT
